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Union Progreso Group
In this Group: Maria Lourdes, Myrian Nidia, Maria Felicita, Editha Mery*, Mariela Soledad, Cecilia, Lucy Rosmery, Carmen Rosa, Maria Cecilia, Carole Maribel, Eyda Constantina, Dorixa Grizzely
* not pictured
Cordial greetings! The group "Unión Progreso" (Progress Union) consists of 12 enthusiastic members who are in their 8th loan cycle. In the course of time, this group has demonstrated responsibility. This is the case with Maria Felicita, one of the members. She is married and has 5 children, of whom she continues to support one. Maria Felicita sells school supplies, since she has a bookstore in her home. This business is the result of her effort, and, with much work, it has been improving more every day. She used her last loan to buy school supplies such as notebooks, pencils, folders, and markers. To continue setting up her business is her greatest desire. Maria Felicita is the third from the left side. She is wearing a black jacket and blue pants. The group Unión Progreso appreciates the loan offered, since it makes their progress possible.
View original language description ↓
Cordiales saludos: El grupo “Unión Progreso” está conformado por 12 socios entusiastas que pasan a su 8 ciclo, en el transcurso del tiempo dicho grupo han demostrado responsabilidad. Este es el caso de María Felicita una de las integrantes, casada con 05 hijos, la cual sigue apoyando a 01 de ellos. María Felicita se dedica a la venta de útiles de escolares, pues cuenta con una librería en su vivienda. Este negocio es fruto de su esfuerzo que con mucho trabajo ha ido mejorando cada día. Su último crédito lo destino para la compra de útiles escolares como cuadernos, lapiceros, fólderes y plumones. Seguir implementado su negocio es su mayor deseo. María Felicita es la tercera del lado izquierdo viste chaleco negro y pantalón azul. El grupo “Unión Progreso” agradece el crédito brindado, ya que hace posible su progreso.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $12,000
    Average annual income
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Progreso Group's $4,775 loan helped a member to buy school supplies to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013